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Scraped on 14/06/2025, 17:57:02 UTC
Quote
June 4, 2025
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
But there is a nuance. Considering that the income of money to pension funds is becoming less and less (decreasing birth rate), and there are more pensioners (thanks to medicine and increasing life expectancy and standard of living), financial pressure will be exerted on pension funds in the future. Funds will have to pay out more than their income, which will force them to withdraw invested money from digital assets. Such events will undoubtedly affect the market.
4. The release of stablecoin? Is this really not enough?
It is most likely that each country will issue its own stablecoin, which will replace the current national currency.
Original archived Re: South Korea elected new Bitcoin-friendly President
Scraped on 07/06/2025, 17:57:08 UTC
Quote
June 4, 2025
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
But there is a nuance. Considering that the income of money to pension funds is becoming less and less (decreasing birth rate), and there are more pensioners (thanks to medicine and increasing life expectancy and standard of living), financial pressure will be exerted on pension funds in the future. Funds will have to pay out more than their income, which will force them to withdraw invested money from digital assets. Such events will undoubtedly affect the market.
4. The release of stablecoin? Is this really not enough?
It is most likely that each country will issue its own stablecoin, which will replace the current national currency.